Growth Equity Strategies

“We are long-term patient investors. We strategically allocate capital to select high-quality businesses with sustainable growth, only when they trade at a significant discount to our estimate of intrinsic value.”

Aziz V. Hamzaogullari, CFA

Founder, Chief Investment Officer and Portfolio Manager

55

Billion In Assets Under Management

As of 6/30/2022

144

Combined Years of Investment Experience

As of 6/30/2022

1

Investment Philosophy

Supported by a seven-step research framework

GES Icon

Our Investment Philosophy

We are an active manager with a long-term, private equity approach to investing. Through our proprietary bottom-up research framework, we look to invest in those few high-quality businesses with sustainable competitive advantages and profitable growth when they trade at a significant discount to our estimate of intrinsic value.

 

Selective Investing

Our Quality-Growth-Valuation investment process begins with the art of trying to identify high-quality companies—those with unique, difficult-to-replicate business models and sustainable competitive advantages.

Bottom-Up Research

Our proprietary seven-step research framework represents our long-standing insights about investing and is structured around three key criteria: Quality, Growth, and Valuation.

Long-Term Investor

In our view, a long investment horizon affords us the opportunity to capture value from secular growth opportunities as well as capitalize on the stock market’s shortsightedness through a process called time arbitrage.

Private Equity Approach

Because we approach investing as if we are buying into a private business, a long investment horizon is central to our philosophy.

Active Risk Management

Because we define risk as a permanent loss of capital, we take an absolute-return approach to investing and seek to actively manage our downside risk.

the cornerstone of our investment decision-making process

Seven-Step Research Framework

"High-quality businesses are rare. We believe less than one percent of all businesses are able to sustain their competitive advantages beyond a decade. We also believe less than one percent of businesses can generate durable and profitable long-term growth. Demanding these two characteristics means we must be very selective and patient investors."
Aziz V. Hamzaogullari

Through the disciplined and thorough implementation of bottom-up fundamental analysis, we seek to understand the drivers, opportunities and limits of each business. Click through below to explore our research framework, outlined step-by-step.

  • Step 1
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  • Step 7
Step-1

QUALITY
The Sustainable Competitive Advantage

We seek to identify unique elements and defensibility of a company's business model and sources and sustainability of a company's competitive advantage.

 

Growth Equity Strategies Platform

Team Assets: $55.3 billion AS OF 6/30/2022*

"We are long-term, patient investors. We strategically allocate capital only to those select high-quality businesses with sustainable growth which offer the most compelling reward-to-risk opportunities."
Aziz V. Hamzaogullari

*this does not include Long/Short Equity

Institutional Strategies

For institutional investors only; minimum initial investment of $20 M

Large Cap Growth

The Large Cap Growth strategy seeks to produce long-term, excess returns vs. the Russell 1000® Growth Index on a risk-adjusted basis over a full market cycle (at least 5 years) through bottom-up stock selection.

$50.3 billion AUM

Inception 7/1/2006

CLICK HERE FOR MORE 

All Cap Growth

The All Cap Growth strategy seeks to produce long-term, excess returns vs. the Russell 3000® Growth Index on a risk-adjusted basis over a full market cycle (at least 5 years) through bottom-up stock selection.

$2.9 billion AUM

Inception 7/1/2006

CLICK HERE FOR MORE 

Global Growth

The Global Growth strategy seeks to produce long-term, excess returns vs. the MSCI All Country World Index on a risk-adjusted basis over a full market cycle (at least 5 years) through bottom-up stock selection.

$2.1 billion AUM

Inception 1/1/2016

CLICK HERE FOR MORE 

International Growth

The International Growth strategy seeks to produce long-term, excess returns vs. the MSCI All Country World ex-USA Index on a risk-adjusted basis over a full market cycle (at least 5 years) through bottom-up stock selection

$27.2 million AUM

Inception 1/1/2020

CLICK HERE FOR MORE

Mutual Funds

Institutional Class shares (Class Y) are available to institutional investors only; minimum initial investment of $100,000.

 

Growth Fund

TICKER: LSGRX

The Growth Fund seeks to produce long-term growth of capital.

$10.2 billion AUM

Inception 5/16/1991

CLICK HERE FOR MORE 

Global Growth Fund

TICKER: LSGGX

The Global Growth Fund seeks long-term growth of capital.

$107.1 million AUM

Inception 3/31/2016

CLICK HERE FOR MORE 

International Growth Fund

TICKER: LIGYX

The International Growth Fund seeks long-term growth of capital.

$21.2 million AUM

Inception 12/15/2020

CLICK HERE FOR MORE

Before investing, consider the fund’s investment objectives, risks, charges, and expenses. Please visit www.loomissayles.com or call 800-225-5478 for a prospectus and a summary prospectus, if available, containing this and other information. Read it carefully.

Natixis Distributors L.P. (fund distributor, member FINRA|SIPC) and Loomis, Sayles & Company, L.P. are affiliated.

Managed Accounts

A Managed Account (MA) is a more customized investment than a mutual fund. It is model-based and the investment manager will have the ability to customize per client request.

Large Cap Growth Managed Account

The Large Cap Growth Managed Account strategy seeks to produce long-term, excess returns vs. the Russell 1000® Growth Index on a risk-adjusted basis over a full market cycle (at least 5 years) through bottom-up stock selection.

$17.8 billion AUM

CLICK HERE FOR MORE 

Global Growth Managed Account

The Global Growth Managed Account strategy seeks to produce long-term, excess returns vs. the MSCI All Country World Index on a risk-adjusted basis over a full market cycle (at least 5 years) through bottom-up stock selection.

$126.0 million AUM

CLICK HERE FOR MORE

International Growth Managed Account

The International Growth Managed Account strategy seeks to produce long-term, excess returns vs. the MSCI All Country World ex-USA Index on a risk-adjusted basis over a full market cycle (at least 5 years) through bottom-up stock selection.

Strategy launched 1/1/2020 and now available to eligible investors.

CLICK HERE FOR MORE

There is no guarantee that the investment objective will be realized or that the strategy will generate positive or excess return.

Enduring Insights 

Bottoms Up! Finding the Advantage in the Global Beer Value Chain

The qualities that make a business great are universal in nature. How does the Growth Equity Strategies team identify and capture value? Watch to learn more.

WATCH THE VIDEO

2020 Performance Overview

Large Cap Growth

READ THE OVERVIEW

All Cap Growth

READ THE OVERVIEW

 

Our Alpha Thesis

We believe a focus on the quality of a manager's investment philosophy, process, and decision-making is essential for assessing the probability of future success. Our alpha thesis encapsulates a deeply held system of persistent beliefs, a rigorous, repeatable investment process and substantive proof points.

READ THE PAPER

WATCH THE VIDEO

Aziz Hamzaogullari Market Update 
March 2020

Aziz Hamzaogullari and Joe Ferrara, Investment Strategist at Natixis Investment Managers, discuss recent market turbulence and the risks and opportunities present in near-term market conditions.

LISTEN TO THE PODCAST

 

Understanding Our Large Cap Growth Strategy 

Video overview with Aziz Hamzaogullari

WATCH THE VIDEO

COVID-19 Commentary

Large Cap Growth

READ THE COMMENTARY

All Cap Growth

READ THE COMMENTARY

Global Growth

READ THE COMMENTARY

 

Articles and Accolades

Archived since 2013


Square Mile Research
Talking With Aziz Hamzaogullari
July 2020

READ MORE

Investor's Business Daily
Why This Top Stock Mutual Fund
Went Shopping in the Bargain Bin
April 2020

READ MORE

Morningstar
10 Superb Defensive Stock Funds

September 2019

READ MORE

Investor's Business Daily
Loomis Sayles Growth Fund Tops Market Repeatedly, Here's Its Keys
May 2019

READ MORE

Morningstar
Why Investors Should Rethink Risk (Video)
May 2018

WATCH THE VIDEO

Citywire
Loomis Sayles Equity Star Reveals
Childhood Trick to His Success
January 2017

READ MORE

Barron's
Today's Top 5 Stock Picks:
Dominant Franchises
June 2016

READ MORE

Financial Advisor
A Believer In Megacap Growth Stocks
May 2016

READ MORE

Investor's Business Daily
Amazon, Alibaba, Facebook: A Top
Mutual Fund's Bets
December 2015

READ MORE

Barron's
Valuing Growth
August 2013

READ MORE

Plansponsor
Powers of Concentration
September 2013

READ MORE

 

Awards

IBD_BestMF2021
IBD_BestMF2020
IBD_BestMF2019
Citywire-France
Citywire-Germany

Team News

Loomis Sayles Celebrates
the 10-Year Anniversary of

Growth Equity Strategies
Team’s Long/Short Growth
Equity Strategy
June 2022

READ MORE

Loomis Sayles Celebrates Anniversaries of Growth Equity Strategies Team's Large Cap Growth and All Cap Growth Offerings 
November 2021

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Loomis Sayles Global Growth Strategy Reaches Five Year Anniversary
March 2021

READ MORE

Loomis Sayles and Natixis Investment Managers Launch the Loomis Sayles International Growth Fund (LIGYX), a New Strategy from the $71 Billion Loomis Sayles Growth Equity Strategies (GES) Team
December 2020

READ MORE

 

Loomis Sayles Celebrates 10 Years of Aziz Hamzaogullari
at Loomis Sayles, Leading the Growth Equity Strategies
(GES) Team
October 2020

READ MORE

Loomis Sayles Global Growth Strategy Celebrates Key 3-Year Milestone, Fund Granted 5-Star Rating by Morningstar
May 2019

READ MORE

Media Advisory:
Loomis Sayles Growth Fund Prospectus Update

April 2019

READ MORE

Loomis Sayles Announces
New Board Members
February 2019

READ MORE

 

Loomis Sayles Appoints Aziz Hamzaogullari Chief
Investment Officer of Growth Equity Strategies (GES) Team
October 2018

READ MORE

 

Loomis Sayles Large Cap
Growth Strategy Taking Steps
to Manage Capacity
September 2016

READ MORE

Loomis Sayles Launches
Global Growth Fund
March 2016

READ MORE

 

 

 

Meet the Team

Cohesive team with more than 16 years of proven alpha generation


"Teamwork and diversity of thought matter to us. A passion for investing, independent thinking, team-orientation, and intellectual honesty are cornerstones of our culture. We are investor-centric. Our approach and incentives are aligned with our investors’ interests." Aziz V. Hamzaogullari

 

Aziz V. Hamzaogullari, CFA
Founder, Chief Investment Officer, Portfolio Manager, Growth Equity Strategies

Aziz Hamzaogullari is the founder and chief investment officer of the Growth Equity Strategies Team at Loomis, Sayles & Company. He is the portfolio manager of the Loomis Sayles Large Cap Growth, All Cap Growth, Global Growth and International Growth long-only strategies as well as the Long/Short Growth Equity strategy. Offerings include the Loomis Sayles Growth, Global Growth and International Growth mutual funds and products outside the US. Aziz is also an executive vice president and a member of the firm’s Board of Directors. He joined Loomis Sayles in 2010 from Evergreen Investments where he was a senior portfolio manager and managing director. Aziz joined Evergreen in 2001, was promoted to director of research in 2003 and portfolio manager in 2006. He was head of Evergreen’s Berkeley Street Growth Equity team and was the founder of the research and investment process. Prior to Evergreen, Aziz was a senior equity analyst and portfolio manager at Manning & Napier Advisors. He has 29 years of investment industry experience. Aziz earned a BS from Bilkent University, Turkey, and an MBA from George Washington University. He is also a member of CFA Society Boston.

Brian P. Coyle, CFA
Senior Equity Analyst

Brian Coyle is a vice president of Loomis, Sayles & Company and a senior equity analyst for the Growth Equity Strategies Team. He is responsible for covering information technology companies, internet retail companies and education services in the consumer discretionary sector, asset management and specialty finance companies in the financials sector, and consulting and human resource services companies in the industrials sector. Brian joined Loomis Sayles in 2010 from Evergreen Investments where he was an equity research analyst for the Berkeley Street Growth Equity team supporting the large cap growth and all cap growth strategies since their inception. He has 23 years of investment industry experience. Brian earned a BS and an MBA from Babson College. He is also a member of CFA Society Boston.

Peter V. Linnard
Senior Equity Analyst
Peter Linnard is a vice president of Loomis, Sayles & Company and a senior equity analyst for the Growth Equity Strategies Team covering healthcare and levered financial companies. Peter joined Loomis Sayles in 2010 from Evergreen Investments where he was an equity research analyst for the Berkeley Street Growth Equity team, supporting the large cap growth and all cap growth strategies since their inception. He has 23 years of investment industry experience. Peter earned an undergraduate degree from the University of Massachusetts at Amherst and an MBA from Boston College.
Rayon K. Ward, CFA
Senior Equity Analyst

Rayon Ward is a vice president of Loomis, Sayles & Company and a senior equity analyst for the Growth Equity Strategies Team covering consumer staples and consumer discretionary companies. He also covers hardware, semiconductor, and communication equipment companies in the information technology sector. Rayon joined Loomis Sayles in 2010 from Evergreen Investments where he was an equity research analyst for the Berkeley Street Growth Equity team supporting the large cap growth and all cap growth strategies since their inception. He has 20 years of investment industry experience. Rayon earned a BS in actuarial science and an MS in economics from the University of the West Indies, and an MS in finance from Bentley University. He is also a member of CFA Society Boston.

Igor M. Chan, CFA
Equity Analyst

Igor Chan is a vice president of Loomis, Sayles & Company and an equity analyst for the Growth Equity Strategies Team covering energy, industrials and materials companies. Igor joined Loomis Sayles in 2010 from EMC where he was a business operations analyst. He has 13 years of investment industry experience. Igor earned a BS and an MS in finance from Bentley University. He is also a member of CFA Society Boston.

Lawrence Keegan, CFA
Equity Analyst

Lawrence Keegan is an equity analyst for the Growth Equity Strategies Team at Loomis, Sayles & Company covering consumer staples and consumer discretionary companies. Lawrence joined Loomis Sayles in 2012 as a fixed income operations analyst. He was promoted to equity research associate upon joining the Growth Equity Strategies Team in 2013. In 2016, Lawrence was promoted to equity analyst. He has 12 years of investment industry experience. Lawrence earned a BA and an MBA with a concentration in finance from Suffolk University. He is also a member of CFA Society Boston.

Ryan Hill, CFA
Equity Analyst

Ryan Hill is an equity analyst for the Growth Equity Strategies Team at Loomis, Sayles & Company covering healthcare companies. He joined Loomis Sayles in 2014 after completing the MBA program at Duke University, during which time he interned for William Blair & Company in Chicago as an equity research analyst. Previously, Ryan was a mechanical engineer at Waters Corporation for three years where he was a named inventor on four patents and a design engineer/technologist at GE Aviation for two years. He earned a BS and an MS in mechanical engineering from Boston University. Ryan is also a member of CFA Society Boston.

Olivier Diolosa, CFA
Equity Analyst

Olivier Diolosa is a vice president of Loomis, Sayles & Company and an equity analyst for the Growth Equity Strategies Team. He joined Loomis Sayles in 2006 as senior operations analyst and was promoted to portfolio analyst, senior investment analyst and then global credit sector analyst for the global fixed income team. In 2018, Olivier joined the Growth Equity Strategies Team. He has 16 years of investment industry experience. Olivier earned a BA from Aix-Marseille University in France and an MBA with a concentration in finance from Suffolk University. He is also a member of CFA Society Boston.

Hollie C. Briggs, CFA, CAIA
Director, Product Management

Hollie Briggs is the director of product management for the Growth Equity Strategies Team at Loomis, Sayles & Company. She supports the Large Cap Growth, All Cap Growth, Global Growth and International Growth long-only strategies as well as the Long/Short Growth Equity strategy. Hollie joined Loomis Sayles in 2012 from Evergreen Investments where she was senior vice president and lead portfolio specialist for the Berkeley Street Growth Equity team supporting the large cap growth and all cap growth strategies. Prior to Evergreen, Hollie was a senior vice president and product specialist at Pyramis Global Advisors responsible for equity products in the 401(k) channel. Hollie has also held leadership roles in business development and marketing at John Hancock and Prudential Financial. She began her investment industry career as vice president and controller for the broker-dealer subsidiary at Wells Fargo. She has 29 years of investment industry experience. Hollie earned a BA from the University of California, Santa Cruz and an MA from Middlebury College. She is also a member of CFA Society Boston and CAIA Boston.

Adam Mushaweh, CFA, CAIA
Investment Director

Adam Mushaweh is a vice president of Loomis, Sayles & Company and investment director for the Growth Equity Strategies Team where he supports the Large Cap Growth, All Cap Growth, Global Growth and International Growth long-only strategies as well as the Long/Short Growth Equity strategy. He joined Loomis Sayles in 2012 as a strategy analyst for the firm’s risk oversight group. In 2013, Adam joined the Growth Equity Strategies Team as associate investment director and was later promoted to investment director in 2017. Previously, Adam conducted manager due diligence as an analyst at Old Mutual Asset Management. He began his career as a risk management consultant at KPMG Advisory. Adam has 14 years of investment industry experience. He earned a BS and an MS in finance from Bentley University. Adam is also a member of CFA Society Boston and CAIA Boston.

John P. O'Shea, CFA
Investment Director

John O’Shea is a vice president of Loomis, Sayles & Company and investment director for the Growth Equity Strategies Team where he supports the Large Cap Growth, All Cap Growth, Global Growth and International Growth long-only strategies as well as the Long/Short Growth Equity strategy. John joined Loomis Sayles in 2016 from JPMorgan where he spent 12 years, most recently as an executive director on the manager selection team. Previously, he was a vice president in private equity for Rosemont Partners. He has 25 years of investment industry experience. John earned a BA from Dartmouth College and an MBA from New York University Stern School of Business. He is also a member of CFA Society Boston.

Richard E. Geller
Head of Alternatives Marketing
Richard Geller is the head of alternatives marketing for the Growth Equity Strategies Team at Loomis, Sayles & Company. He joined Loomis Sayles in 2021 and has 29 years of investment industry experience. Previously, Richard was a managing director and head of marketing at Corvex Management, where he was responsible for capital formation globally. Prior to this, he was co-founder and chief operating officer at Pinyon Asset Management, where he managed all non-investment management aspects of the firm's business between the New York and London offices, led asset raising and managed all client relations globally. Before that, Richard was a partner, responsible for leading asset raising and managing all client relations and business development strategy, at Sandell Asset Management and later at C12 Capital Management. He earned a BA from Vassar College.
Nicholas S. Gagnon
Director of Trading

Nick Gagnon is the director of trading for the Growth Equity Strategies Team at Loomis, Sayles & Company. He manages trading for the Large Cap Growth, All Cap Growth, Global Growth and International Growth long-only strategies as well as the Long/Short Growth Equity strategy. He joined Loomis Sayles in 2020 and has 18 years of investment industry experience. Previously, Nick was the head of trading at PanAgora Asset Management, where he implemented the firm’s top-down and bottom-up global equity strategies, while building a scalable buy-side trading desk with an emphasis on optimization and systematic execution. Prior to becoming head of trading at PanAgora, he was an analyst and trader covering equity, FX and derivatives. Nick earned a BA from Providence College and an MS in investment management from Boston University.

Daniel E. Maturi, CFA, CAIA
Senior Trader

Dan Maturi is a senior trader for the Growth Equity Strategies Team at Loomis, Sayles & Company. He is responsible for global trade execution, system development and trading infrastructure for the Large Cap Growth, All Cap Growth, Global Growth and International Growth long-only strategies as well as the Long/Short Growth Equity strategy. He joined Loomis Sayles in 2020 and has 14 years of investment industry experience. Previously, Dan was a trader at PanAgora Asset Management, where he was responsible for global portfolio trade execution across all products and asset types. Prior to this, he was a vice president and trader responsible for Americas and Europe transition portfolio trade execution at State Street Global Markets, where he also contributed to the development of the global markets currency management trading platform. Dan earned a BS in electrical engineering from Trinity College and an MS in actuarial science from Boston University.

Julien Raynal
Chief Operating Officer

Julien Raynal is the chief operating officer of the Growth Equity Strategies Team at Loomis, Sayles & Company. He manages technology and operations for the Large Cap Growth, All Cap Growth, Global Growth and International Growth long-only strategies as well as the Long/Short Growth Equity strategy. He joined Loomis Sayles in 2008 as a senior quantitative developer and most recently served as the head of global and emerging markets technology. In 2019, Julien joined the Growth Equity Strategies Team. He has 19 years of investment industry experience. Previously, Julien was a senior systems analyst at Optima Technologies, Inc., where he was responsible for the design and implementation of portfolio management software platforms. Prior to this, he worked at Morgan Stanley in the global wealth management group. Julien earned a BA from the University of South Alabama where he was a nationally ranked NCAA Division I tennis player, captaining his team as well as competing in the NCAA team, singles and doubles championships.

Ralph A. Vitti, CFA
Senior Business Analyst

Ralph Vitti is a senior business analyst for the Growth Equity Strategies Team at Loomis, Sayles & Company where he supports the Large Cap Growth, All Cap Growth, Global Growth and International Growth long-only strategies as well as the Long/Short Growth Equity strategy. He joined Loomis Sayles in 2017 and has 10 years of investment industry experience. Previously, Ralph was an intern in equity research at Stephens, Inc., where he analyzed small cap healthcare companies for industry initiation reports. Prior to this, he was at FactSet Research Systems, first as a senior consultant supporting buy-side clients with broad platform needs, and later specializing in portfolio analytics. Ralph earned a BA from Bates College and an MBA from Vanderbilt University.    

Cody M. Lowit
Data Analyst
Cody Lowit is a data analyst for the Growth Equity Strategies Team at Loomis Sayles & Company, where he supports the technology and operations for the Large Cap Growth, All Cap Growth, Global Growth and International Growth long-only strategies as well as the Long/Short Growth Equity strategy. He is responsible for monthly and quarterly reporting, ad-hoc data requests and automating data systems. Cody joined Loomis Sayles in 2021 and has seven years of investment industry experience. Previously, he was a product specialist at FactSet Research Systems, where he was responsible for enhancement of holdings- and returns-based analytics applications, specializing in portfolio analysis and SPAR, as well as the research and development of a new asset allocation tool. Prior to this, Cody was a senior investment analyst at Rocaton Investment Advisors, where he worked on daily, monthly and quarterly reporting for a variety of institutional clients, led enhancement efforts for automated reporting systems and supported the manager research teams, specializing in alternatives. Cody earned a BS from East Carolina University.

 

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